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Моделиране На Възвращаемостта От Образование И Реализация На Притежателите На Докторски Степени На Пазара На Труда В България
[Modeling returns to education and labour market outcomes of doctoral degree holders in Bulgaria]

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  • Simeonova-Ganeva, Ralitsa
  • Panayotova, Nataliya
  • Ganev, Kaloyan

Abstract

In this study we present the theoretical framework of the so called Mincerian equations used for modelling returns to education. Then, we construct a conceptual framework which allows us to answer the question “What happens to doctoral degree holders in the labour market?”. We analyse data for about 45,000 PhD graduates in Bulgaria from the NSI survey Career development of PhD degree holders run in 2007, 2009, and 2010. An attempt is made to measure pay gaps in terms of gender and major of study. Using Mincerian equations, we calculate these pay gaps, and thus we answer the question whether there are any income differences among doctoral degree holders. We find out that a doctoral degree holder in natural or technical science has a significantly higher return than a degree holder in social or humanitarian studies. Another finding is that the greatest gender pay gaps are observed in social and humanitarian studies while the smallest gap is in natural and technical sciences.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 48175.

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Date of creation: 2013
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Handle: RePEc:pra:mprapa:48175

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Keywords: returns to education; doctoral degree holders; labour market income; gender pay gap; pay gaps by field of study;

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  1. Becker, Gary S & Murphy, Kevin M & Tamura, Robert, 1990. "Human Capital, Fertility, and Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages S12-37, October.
  2. Tomaske, John A, 1974. "Private and Social Rates of Return to Education of Academicians: Note," American Economic Review, American Economic Association, vol. 64(1), pages 220-24, March.
  3. Checchi,Daniele, 2006. "The Economics of Education," Cambridge Books, Cambridge University Press, number 9780521793100, October.
  4. Jacob A. Mincer, 1974. "Schooling, Experience, and Earnings," NBER Books, National Bureau of Economic Research, Inc, number minc74-1.
  5. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75, pages 352.
  6. Card, David, 1999. "The causal effect of education on earnings," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 30, pages 1801-1863 Elsevier.
  7. David Card & Alan Krueger, 1990. "Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States," Working Papers 645, Princeton University, Department of Economics, Industrial Relations Section..
  8. Alan Krueger & Orley Ashenfelter, 1992. "Estimates of the Economic Return to Schooling from a New Sample of Twins," NBER Working Papers 4143, National Bureau of Economic Research, Inc.
  9. Jacob A. Mincer, 1974. "Introduction to "Schooling, Experience, and Earnings"," NBER Chapters, in: Schooling, Experience, and Earnings, pages 1-4 National Bureau of Economic Research, Inc.
  10. Gary S. Becker, 1994. "Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education (3rd Edition)," NBER Books, National Bureau of Economic Research, Inc, number beck94-1.
  11. Jacob Mincer, 1958. "Investment in Human Capital and Personal Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 66, pages 281.
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